Kuala lumpur: iCents Group Holdings Bhd has set an ambitious target to achieve a 10 per cent growth in revenue by 2026, primarily fueled by an anticipated increase in contributions from its manufacturing operations.
According to BERNAMA News Agency, the company’s managing director, Ong Mum Fei, highlighted that the manufacturing of cleanroom fixtures and related products currently accounts for 10 to 15 per cent of the group’s overall revenue. This contribution is expected to rise as the company enhances production capabilities and expands its facility. Ong shared these insights during a press conference following the company’s listing ceremony.
The debut of iCents on the ACE Market was marked by its share price opening at 29 sen, a five sen premium over its initial public offering (IPO) price of 24 sen, with a total of 13.59 million shares traded. iCents Group is primarily engaged in providing cleanroom services, including engineering, procurement, construction, testing, and commissioning for sectors such as semiconductor and electronics manufacturing, data centres, pharmaceuticals, and life sciences.
Ong further noted that the company’s new facility in Mantin, Negeri Sembilan, is projected to commence operations in the first quarter of the next year. Additionally, plans to penetrate local and international markets, including Kuching, Sarawak, and Jakarta, Indonesia, are expected to come into fruition within a year.
Furthermore, Ong revealed that, although iCents currently lacks a dividend policy, there are plans to introduce one. “We are planning to allocate a payout of between 20 and 25 per cent of annual profits while balancing the need to retain funds for capital expenditure,” he stated.
Addressing concerns over tighter export controls, Ong expressed confidence that the group would not face any immediate business impact, citing that most of its revenue is sourced from recurring channels. Regarding currency fluctuation risks, Ong mentioned that the group conducts its business in Indonesia using the ringgit and has no active deals in Vietnam or Australia, though some products delivered to Vietnam are invoiced in US dollars.
By the close of the trading day, iCents shares ended at 34 sen, reflecting a 10 sen premium, with 150.54 million shares traded.